Thursday, March 8, 2012

So, how do you really feel? Apple, Publishers Getting Sued Because E-Books Are a Rip-Off from @NYMag

Coinciding nicely with the announcement of a new iPad, The Wall Street Journal reports that the Justice Department wants to sue Apple, along with five of the biggest publishers, over the price of electronic books. Simon & Schuster, Hachette, Penguin, Macmillian, and HarperCollins are all potentially on the hook in a planned antitrust case that alleges the companies colluded to raise prices by agreeing to a model in which the publishers set the prices and Apple takes a 30 percent cut. Consumers lose.

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